Tax Articles

Most Underused Tax Deductions

Did you know that most people do not use the deductions that they are eligible for. Neglecting to take your deductions on your tax return is like leaving money on the table, or a better analogy would be - leaving 100 dollar bills in your trouser pockets and then putting it into a washer. No one else but you will loose! Not a pretty tax scenario - right... [Read more of this article]

List of Documents For Tax Preparation

If you are self preparing your tax return using an online tax preparation service like Turbo Tax or HR Block, or having a tax preparer do your tax return, here is a list of documents that you might have to refer to. If you are using a CPA or going to a Tax preparation center (storefront), you might have to physically take these documents with you.... [Read more of this article]

Claiming a Child as a Dependent on Your Tax Return

This is a question that gets asked many a time. Who can I claim as a dependent on my tax return ? A child qualifies as a dependent but not always. To claim the child as a dependent, you have to make sure that the child passes the dependency tests. There are 5 test that will qualify a child as a dependent : Relationship Test– The child you are claiming... [Read more of this article]

Deadline for Filing 2011 Tax Return is April 17th 2012

Because April 15th 2011 falls on a Sunday and because Monday April 16th is a holiday for a few. The deadline for filing your 2011 tax return is April 17th 2012. Yes that’s right Tax day is April 17th for 2012. You have 2 extra days !!  Read More →

Tax Refund Calculator - Calculate Your Tax Refund before Filing

Calculating Your Tax Refund Once you get your W2 from your employer. Like most people you are probably eager to get a quick estimate of the Tax Refund. It would take several hours to calculate your tax refund if you were to do it with pen and paper. However for a quick preview you can use a Tax Refund Calculator to figure out whether you are going... [Read more of this article]

Last day to File Taxes for 2011 - April 18th 2011

Last day to file taxes for Tax year 2011 is April 17th 2012. You get two extra days this year ! Good luck  Read More →

Social Security Benefits - What determines your eligibility

Most people get their paycheck only after social security taxes are witheld from it. This money is taken at source from your gross income. So after working for several years, its likely you have paid in a ton of money into social security. And when you reach your golden years you are looking forward to reap the benefits of your hard work. If you are... [Read more of this article]

Boutique Tax Sites With Unique Services

If you are like most people - on or before April 15th you would head out to a neighborhood tax ’store’ like HR Block or Liberty Tax or Jackson Hewitt to prepare your taxes. If you have  complex situation you would probably head out to your trusted CPA or Enrolled Agent to get your taxes done. In general a typical tax filer will fall into... [Read more of this article]

Refund Anticipation Loans - A Bad Idea !

Refund anticipation loans or RAL’s offered by Tax preparation companies. To obtain this loan, the individual has to prepare their taxes through one of these companies and pay a fee to obtain the loan. The bank that lends the individual the money will charge interest rates which are comparable to credit card loans. When a tax return is e-filed,... [Read more of this article]

HR Block 20% Discount For Online Tax Prep (for 2010)

The beginning of the tax season is the time when online tax companies are looking to ramp up their business and they usually offer some discounts on the tax preparation. At Tax-Easy.com, we try to find the best coupons for you. For a limited time HR Block is discounting their online tax prep suite. Use the link below to receive your 20% discount.... [Read more of this article]

Americas Most Bizzare Taxes - 2010!

Lawmakers have made the most wierd taxes in the United States. Some of these taxes are remnants of a bygone era. Have fun reading : TurboTax - Most Bizarre Taxes © Tax-Easy.com  Read More →

Past Taxes - Saving Your Past Tax Returns

Did you just throw out your old tax returns with your trash! You might think this might not happen, but believe me there are millions of people who do not save their past tax returns.  It might not be a surprise - but these are really vital documents to loose. It is needed for everything from applying for a mortgage or refinancing to actually preparing... [Read more of this article]

What is my Tax Bracket ?

If you ever asked yourself “What is my tax bracket ?”, you can find your answer here.   In general, the higher your income higher the tax bracket and the more you pay in taxes. Yeah that’s is why you find the rich folks always complaining :). The tax brackets for 2010 are shown below.  Tax brackets depends on your filing status... [Read more of this article]

Alabama Charities

Here is a small list of charities in Alabama that could help you in donating things to get a charitable tax deduction. Alabama Charities Senior Services Trust Fund Alabama Arts Development Fund Alabama Nongame Wildlife Fund Child Abuse Trust Fund Alabama Veterans Program Alabama Indian Children’s Scholarship Fund Penny Trust Fund Foster Care... [Read more of this article]

Irs Tax Liens and the Irs Lien Release - What You Should Know!

What is an IRS Federal Tax Lien? The IRS federal tax lien is a claim registered against property for the non-payment of back tax liabilities. Unlike a bank or wage levy, the tax lien does not deprive the taxpayer of the property or the right to transfer this property. If you owe back taxes then you may ultimately become the victim of one of the most... [Read more of this article]

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